Interfax reported that shareholders in OJSC Ural Mining and Metallurgical Company at an extraordinary meeting on August 25 decided for paying dividends for the first half of 2011 at RUB 10 per common share.

The total payout will come to RUB 4.2 billion. The payment should be made no later than October 24 2011. It was earlier reported that the company did not pay interim dividends in 2010. The dividend payout for 2010 came to RUB 7.67 per common shares. The total payout came to RUB 3.221 billion which accounted for 99.9% of total net profit from 2010.

UMMC unites over 40 enterprises in various parts of Russia. The company is one of Russia's leading producers of zinc, lead, cathode cooper and non-ferrous metal roll.

UMMC's charter capital comes to RUB 420 million divided into common shares at a face value of RUB 1 each.

(Sourced from Interfax)